Restore Our Future, the super PAC backing Mitt Romney, released a new radio ad Friday knocking President Barack Obama for his handling of the economy and calling into question the Obama campaign's repeated attacks on Romney and Bain Capital.

The new spot, titled "Imagine," is part of a $1 million radio ad campaign and will air from July 27 to Aug. 2 across swing states Colorado, Florida, Iowa, Nevada, New Hampshire, North Carolina, Ohio, Pennsylvania and Virginia.

The super PAC has pledged to defend Romney's business career, calling the Obama campaign's focus on the presumptive Republican nominee's tenure at Bain Capital a distraction from the president's own economic record. As part of that effort, the radio ad invokes former President Bill Clinton characterizing Romney's career as "sterling" during a May interview.

"So what would you do now if you were Barack Obama?" the narrator asks. "You would attack Mitt Romney with ads denounced by the news media and even Democrats as -- quote -- misleading, unfair and untrue."

The Republican National Committee was out with an ad of its own on Friday, echoing the party's message that the president has failed to steer the economy in the right direction. The ad, titled "Again," will also air during the 2012 London Olympics. CNN reports:

The Republican National Committee will air a new, hard hitting television commercial during Olympic programming that criticizes President Barack Obama for pushing through an economic stimulus plan that has failed to right the troubled economy. Republican sources said the ad will also run on national cable television and in the key battleground states of Colorado, Iowa, New Hampshire, North Carolina, Nevada, Ohio, Virginia and Wisconsin. The sources would not reveal how much money is behind the ad, but it will be paid for through the committee’s independent expenditure (IE) arm. This is the second commercial that the RNC’s IE has aired. Two weeks ago, the RNC IE ran its first TV commercial attacking Obama for failing to live up to his campaign promises to fix the economy and create more jobs. So far, $11 million was spent on that ad buy, according to the GOP sources.

Watch the RNC's ad, "Again," here:

This story has been updated to include the Republican National Committee's Friday release of an ad, titled "Again."

Also on HuffPost:

Donors Giving $500,000-Plus To Super PACs

Donors Giving $500,000-Plus To Super PACs

1

of

208

Sheldon Adelson And Family (R)

Sheldon Adelson, the Las Vegas casino magnate, and his family have combined to give $53.69 million to super PACs in the 2012 election cycle. At first, Adelson pumped money into Winning Our Future, the super PAC supporting Newt Gingrich, but now he is funding groups backing Mitt Romney and congressional Republicans. Adelson is ranked on the Forbes list of the richest Americans at number eight, with $21.5 billion in net worth.
Sheldon Adelson and his wife, Miriam, gave $15 million to Winning Our Future. His daughters Sivan Ochshorn and Shelley Maye Adelson each chipped in $500,000. Another daughter and her husband each gave $250,000.
Adelson and his wife have also given $20 million to Restore Our Future (supporting Romney), $5 million to Congressional Leadership Fund, $5 million to YG Action Fund, $2 million to Freedom PAC (supporting Connie Mack), $1.5 million to Independence Virginia PAC (supporting George Allen), $1 million to Ending Spending Action Fund, $1 million to Treasure Coast Jobs Coalition, $1 million to Patriot Prosperity PAC (supporting Shmuley Boteach for Congress) and $250,000 to Conservative Renewal PAC, $250,000 to Texas Conservatives Fund (both supporting David Dewhurst) and $190,000 to Hispanic Leadership Fund.
Adelson remained in the number one spot among super PAC donors after counting contributions for August. He has allegedly given in excess of $70 million when contributions to non-profit groups like Americans for Prosperity and the Republican Jewish Coalition are included.
His involvement in politics revolves around his support for the state of Israel, in particular the policies of Prime Minister Benjamin Netanyahu. His business, along with that of other super PAC donors, is also under investigation for violations of the Foreign Corrupt Practices Act.